#GENIUSActPass Summary of Current Status:

Passed in the Senate: 68 senators in favor (18 Democrats & the majority of Republicans), 30 opposed.

Main contents:

Mandatory reserves of dollars or Treasury,

Periodic audits,

Anti-money laundering compliance,

Ban on issuance by foreign entities or government officials.

Next steps:

Sent to the House of Representatives for approval,

If it passes the House and is signed by President Trump, it will become law.